Finance Minister Sri Mulyani Appoints JP Morgan SUN Agent

By : Herry Barus And Aldo Bella Putra | Tuesday, May 01 2018 - 14:00 IWST

Menkeu Sri Mulyani Indrawati (Foto Voa)
Menkeu Sri Mulyani Indrawati (Foto Voa)

INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani Indrawati again appointed JP Morgan Chase Bank NA as the main dealer of Sovereign Debt Instruments in accordance with Letter of Appointment Number S-45 / MK.8 / 2018 dated April 17, 2018.

Press release from the Directorate General of Financing and Risk Management of the Ministry of Finance received in Jakarta on Monday (30/4/2018) stated that the appointment of JP Morgan Chase Bank NA as the main dealer is effective since May 2, 2018.

With the re-entry of JP Morgan Chase Bank NA, the number of major SUN sellers currently becomes 20 institutions consisting of 16 banks and four securities firms.

Earlier, in early January 2017, the Finance Minister cut its partnership relationship with JP Morgan Chase Bank NA as it cut its debt rating down two ratings from overweight to underweight.

The Minister of Finance assessed that JPMorgan Chase Bank NA's research report, at that time, was not conducted through appropriate indicators and potentially disrupts the stability of the national financial system.

The following is a list of 16 banks that became SUN sellers after JP Morgan Chase Bank NA re-entered, namely Citibank NA, Deutsche Bank AG, HSBC, PT Bank ANZ Indonesia and PT Bank Central Asia, Tbk.

PT Bank Danamon Indonesia Tbk, PT Bank Mandiri (Persero) Tbk, PT Bank Negara Indonesia (Persero) Tbk and PT Bank OCBC NISP, Tbk.

In addition, PT Bank Panin, Tbk, PT Bank Rakyat Indonesia, Tbk, PT Bank Permata, Tbk, PT Bank CIMB Niaga, Tbk, Standard Chartered Bank and JP Morgan Chase Bank NA.

News Comment

Today's Industry

President Jokowi inaugurates 17 Indonesian Ambassadors Extraordinary and Plenipotentiary at the State Palace in Jakarta (25/10/2021). (Source: YouTube Channel of Presidential Secretariat)

Senin, 25 Oktober 2021 - 20:40 WIB

President Jokowi Inaugurates 17 New Ambassadors

President Joko “Jokowi” Widodo Monday (25/10/2021) at the State Palace, Jakarta, inaugurated 17 Ambassadors Extraordinary and Plenipotentiary (LBBP) of the Republic of Indonesia to Friendly…

President Jokowi receives Letters of Credence from four new Ambassadors of friendly countries, at the Merdeka Palace, Jakarta Province, in September. (Photo by: Presidential Secretariat/Lukas)

Senin, 25 Oktober 2021 - 18:50 WIB

President Jokowi Receives Letters of Credence from Nine New Ambassadors

President Joko “Jokowi” Widodo, on Monday (25/10), received Letters of Credence from nine new Ambassadors Extraordinary and Plenipotentiary (LBPP) of Friendly Countries to the Republic of…

Widodo Sucipto, President Director of PT Hydrotech Metal Indonesia.

Selasa, 19 Oktober 2021 - 15:47 WIB

Hydrotech Metal are Getting Closer to Canada Securities Exchange

PT Hydrotech Metal Indonesia are getting closer to Canada Securities Exchange, after the signing of Share Exchange Agreement with a Canadian company recently. The signing was done virtually…

Vice President Ma’ruf Amin and his spouse Ibu Wury head to Ambon for a working visit, Wednesday (13/10). (Photo by: Vice Presidential Secretariat)

Jumat, 15 Oktober 2021 - 22:10 WIB

VP Ma’ruf Amin to Close 20th PON in Papua

Vice President Ma’ruf Amin, on Friday (15/10), is scheduled to close the 20th National Sports Week (PON) in Papua at the Lukas Enembe Stadium, Jayapura regency. The Vice President, his spouse…

President Joko Widodo and Cabinet Secretary Pramono Anung at Kompas Bajo, Puncak Waringin, Thursday (14/10) afternoon. (Photo by: BPMI/Laily Rachev)

Jumat, 15 Oktober 2021 - 21:32 WIB

President Jokowi Visits Kompas Bajo Creative Hub

Ending his working visit in East Nusa Tenggara Province, President Joko “Jokowi” Widodo and First Lady Ibu Iriana on Thursday (14/10) afternoon took a walk to Kompas Bajo which is located…